this post was submitted on 16 Jun 2024
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Work Reform

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I've seen several big chains, mostly gas stations and fast food, advertising "daily pay". If you are worried about how you're going to make it until your next paycheck, whether it's tomorrow or next month, or you have no savings to cover any sort of emergency, then you live paycheck-to-paycheck.

Don't be fooled. "Daily Pay" is just a shitty attempt at avoiding paying better wages by giving you your shitty wages faster. It's designed to benefit the company, not you.

Edit: If you don't get to hold on to your pay check long enough to earn interest on any of it, then getting paid daily is not benefiting you.

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[–] Furbag@lemmy.world 19 points 5 months ago

On the plus side, daily pay might actually kill off the payday advance industry, a far more predatory business practice that causes people to get stuck in poverty in a downward spiral for pretty much forever.